Dealing with bridge financing when selling your home and buying a new one

  • 3 weeks ago
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When selling one home to buy another, clients may consider bridge financing if they need extra time between transactions. This financing can be easy to arrange with traditional lenders but may not be available for homes on First Nations land or if costs are too high. Alternatives include using shipping containers for temporary storage, which can save money compared to bridge loans. Recent changes in mortgage rules benefit first-time buyers and allow refinancing for secondary suites, making it essential to consult mortgage professionals for guidance.

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